Judgement

The ITAT agreed with CIT(A), noting that the ownership was restored to the assessee's late mother before the land was acquired by the Haryana Government.

ITAT Upholds Exemption u/s 10(37) on Rs 5 Crore Land Compensation Paid by Haryana Government

ITAT quashed the reassessment holding that that reopening based on mechanical approval and without the independent application of mind by the tax authorities is invalid.

Reopening Based on Mechanical Approval of CIT is Bad in Law: ITAT

Heavy earth-moving machinery used exclusively within factory or enclosed premises falls outside MV Act and Entry 57 List II

SC Holds Off-Road Construction Equipment Not ‘Motor Vehicles’; Gujarat Road Tax Demands Quashed

Articles

The New Income Tax Act 2025 introduces simpler rules, a new “tax year” concept, tech-driven compliance, and faster return processing to reduce the burden on taxpayers from April 2026.

New Income Tax Rules 2025: Five Key Amendments in Income Tax Act 1961; Effective April 01, 2026

Income tax refunds are taking longer than usual as stricter verification checks, data matching, and system slowdowns leave many taxpayers waiting for their money.

Income Tax Refund Delays: Why Many Taxpayers Haven’t Received Their Income Tax Refunds Yet

ITAT allowed 60% depreciation on specialised high-frequency trading software, holding it to be an integral part of computer systems and not merely an intangible asset.

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ITAT Upholds Exemption u/s 10(37) on Rs 5 Crore Land Compensation Paid by Haryana Government

Reopening Based on Mechanical Approval of CIT is Bad in Law: ITAT

SC Holds Off-Road Construction Equipment Not ‘Motor Vehicles’; Gujarat Road Tax Demands Quashed

New Income Tax Rules 2025: Five Key Amendments in Income Tax Act 1961; Effective April 01, 2026

Income Tax Refund Delays: Why Many Taxpayers Haven’t Received Their Income Tax Refunds Yet

Specialised Trading Software Attracts 60% Depreciation As a Part of Computer Systems: Rules ITAT